Offering TORONTO, Jan. 9 /CNW/ - Jovian Capital Corporation ("Jovian") (JVN: TSX-V) announces that its affiliate the Charterhouse Financial Group has filed a preliminary prospectus in relation to the initial public offering of ROC Preferred Shares and Capital Yield Shares of Charterhouse Advantaged Trust Split Corporation (the "Company"). The Company has been created in order to provide the holders of ROC Preferred Shares with fixed cumulative preferential tax efficient distributions and Capital Yield Shares with leveraged tax efficient distributions from a 5-year exposure to a low cost, broadly diversified and approximately equally weighted indexed portfolio of mid- to large-capitalization income trusts. Each qualifying income trust will have a minimum market capitalization of $400 million, will be listed on the Toronto Stock Exchange and have an established record of increasing its regular distribution. The ROC Preferred Shares have been provisionally rated Pfd-2 (low) by Dominion Bond Rating Service Limited ("DBRS"). The Capital Yield Shares will have leveraged exposure to any changes in the value of and distributions from the Trust Portfolio. Charterhouse AT Split Management Corporation (the "Manager") will act as the manager of the Company. The Manager is also a member of the Charterhouse Financial Group, which originates and manages exchange-traded investment funds and other structured investment products in Canada, including Charterhouse Preferred Share Index Corporation (TSX: PFD.PR.A). The syndicate of agents is being co-led by Scotia Capital Inc. and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., TD Securities Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc., MGI Securities Inc., Raymond James Ltd., Wellington West Capital Inc., Blackmont Capital Inc., Canaccord Capital Corporation, Dundee Securities Corporation and Richardson Partners Financial Ltd. For further information, please contact Peter Rizakos at (416) 977-0564 or visit www.charterhousefinancial.com. A preliminary prospectus relating to these securities has been filed with the securities regulatory authority in each of the provinces of Canada but has not yet become final for the purpose of the sale of securities. This material shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities regulatory authority in such province. About Jovian Capital Corporation Jovian is a publicly-traded company listed on the TSX Venture Exchange (JVN). Jovian is a management and holding company with interests in a variety of financial service firms specializing in wealth(x) and asset(xx) management. The Jovian group of companies operates as a national financial services organization with 87 locations and approximately $9.6 billion of client assets. (x) Wealth Management entities include Convoy Capital Corporation, Gibraltar Alternative Asset Consulting Group Inc., MGI Securities Inc., Rice Financial Group Inc. and T.E. Financial Consultants Ltd./Conseillers Financiers T.E. Ltee. (xx) Asset Management entities include Accumulus Management Ltd., BetaPro Management Inc., Charterhouse Management Corporation, DeltaOne Capital Partners Corp. (Canada), Jove Investment Management Inc., Jovian Asset Management Inc., Leon Frazer & Associates Inc., Pescara Partners Inc., Taliesin Capital Inc. and T.E. Investment Counsel Inc. Financial corporate service entities include Felcom Data Services Inc. and Services Felcom Data (Quebec) Inc./Felcom Data Services (Quebec) Inc. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information: Don Sangster, Investor Relations, Jovian Capital Corporation, (416) 864-2624. CO: Jovian Capital Corporation ST: Ontario NI: NEWSTK FIN -0- Jan/09/2006 15:46 GMT
Jovian Affiliate Launches New Tax Advantaged Split Share
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